Crown Crafts Stock Forecast
Crown Crafts stock price down 2.99% on Tuesday
(Updated on Jul 02, 2024)
The Crown Crafts stock price fell by -2.99% on the last day (Tuesday, 2nd Jul 2024) from $5.01 to $4.86. During the last trading day the stock fluctuated 4.53% from a day low at $4.86 to a day high of $5.08. The price has been going up and down for this period, and there has been a -3.38% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 16 thousand shares were bought and sold for approximately $77.54 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.49% during the next 3 months and, with a 90% probability hold a price between $4.66 and $5.04 at the end of this 3-month period.
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CRWS Signals & Forecast
There are few to no technical positive signals at the moment. The Crown Crafts stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.00 and $5.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -7.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Crown Crafts stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.220 between high and low, or 4.53%. For the last week the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRWS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Crown Crafts to open at $4.93, and during the day (based on 14 day Average True Range), to move between $4.73 and $4.99, which gives a possible trading interval of +/-$0.130 (+/-2.68%) up or down from last closing price. If Crown Crafts takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.05, some $0.190 (3.91%) from the current price of $4.86, our system finds the risk reward not very attractive.
Is Crown Crafts stock A Buy?
Crown Crafts holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.021 Sell Candidate Unchanged
Predicted Opening Price for Crown Crafts of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $4.93 ( 1.51%) | $4.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRWS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.15 | 6.04% |
| R2 | 5.07 | 4.31% |
| R1 | 5.02 | 3.24% |
| Price | 4.86 | |
| S1 | 4.85 | -0.220% |
| S2 | 4.80 | -1.29% |
| S3 | 4.71 | -3.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.23 | 7.61% |
| R2 | 5.20 | 7.00% |
| R1 | 5.05 | 3.91% |
| Price | 4.86 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CRWS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 05, 2024 | $0.0800 | 1.65% |
| 2 | Feb 13, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.0800 | 1.53% |
| 3 | Nov 14, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.0800 | 1.64% |
| 4 | Aug 16, 2023 | Sep 14, 2023 | Oct 06, 2023 | $0.0800 | 1.74% |
| 5 | May 15, 2023 | Jun 15, 2023 | Jul 07, 2023 | $0.0800 | 1.62% |
FAQ
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